Analysis News TheBitTimes.com

The Dogecoin price jumped over 4% in the last 24 hours to trade at $0.2632 as of 9:57 p.m. EST as investors start to accumulate the largest meme coin by market cap. As a result of the 24-hour gain, the DOGE price has been able to push its weekly performance into the green to over 1%. Dogecoin Price Trying To Escape A Consolidation Channel 4-hour chart for DOGE/USD (Source: GeckoTerminal) The Dogecoin price is trying to escape above a medium-term consolidation channel between $0.2428 and $0.2647, GeckoTerminal data shows. Should the meme coin close a 4-hour candle above the upper boundary of this sideways range within the next 8 hours, it could start to climb towards the next major resistance at $0.2832. On the other hand, failure to establish a position above $0.2647 might lead to the continued oscillation within the sideways channel. In this alternative scenario, the Dogecoin price could end up testing the $0.2428 support. DOGE might then either rebound slightly or drop below ...

The Monkey Pox price surged more than 21% in the last 24 hours to trade at $0.05585 as of 5:06 a.m. EST.  Investors thinking of buying into POX at this point might want to exercise caution. The project was recently flagged for potential market manipulation due to a large number of tokens being held in one or more unidentified wallets. According to RugCheck , the top 10 holders of the token have a high ownership. The biggest holder also owns over 65% of the crypto’s supply. The Monkey Pox Price Forms A Bullish Chart Pattern 4-hour chart for POX/USD (Source: GeckoTerminal ) The Monkey Pox price has recorded multiple higher lows on the 4-hour chart over the past 48 hours, resulting in the formation of an ascending triangle. This specific chart pattern suggests the meme coin’s price could continue to rise in the coming 24 hours.  If this triangle pattern is validated, POX might flip the resistance level at $0.06086 into support. A 4-hour candle close above thi...